The book concludes that these facts likely drive many venture capitalists to despair. Yet they don’t drive many to creative new business models???

I beg to differ - there will be new VC models as more people take action on the changing landscape

I’m grabbing the book—more insights soon!

Key takeaways:

❇️ VC’s “monoculture” is broken;

❇️ 90% of funds underperform;

❇️ Narrow strategies demand every deal yield a full-fund return;

❇️ blitzscaling runs rampant;

❇️ and Bracy names 4 victims—companies, entrepreneurs, LPs, and society.

I oversimplify but I spent many hours on several conversations this week trying to help them understand how VC funding works

So I drew it out so next time I can just refer them to this

Did I miss anything?

💯

Really hard to do especially for first time founders

I spoke with a new founder last week who is registering legal entities in 3 locations to prepare for funding and expansion

BEFORE launching MVP

One is harder than the other but exponentially more beneficial to all parties in the long run

I find this tweet (or Xeet) a great way to take this strategy forward

How has your approach to networking evolved over time?

The 'scaled' startups in the US may all end up to be vaporware

As you pointed out, the lack of exits (and IPOs of loss making unicorns) is a systemic issue

The EU has a chance to do things right and not repeat the mistakes of theUS

It doesn't have to be this way, our latest blog explores options founders and their investors can explore to keep the business alive to the benefit of all stakeholders

We would love to hear from you if you are going through this scenario and considering your options 🤙

The power law is failing average VCs

These two charts are exactly the same returns profile - 3.2x

One is elusive and one is more achievable

I believe VC will move towards a normal returns profile over the next few years

Or the absence of women’s wear